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House buying Oz style

House buying Oz style

Old Jul 22nd 2008, 10:35 am
  #1  
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Default House buying Oz style

Hi all

At risk of seeming incredibly thick...............

Can someone PLEASE talk me through the individual steps involved in house buying. Keep hearing terms like... offer acceptance, inspection reports, surveys, 5 day cooling off period, 0.25% deposit, 10% deposit etc....but would really like a solid stage process type model to help me understand what is done first, etc etc.

Anyone who can help me will receive all my karma allocation!

Cheers guys

PS I am in NSW (in case this makes a difference)
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Old Jul 22nd 2008, 11:30 am
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Default Re: House buying Oz style

Originally Posted by mollymoo
Hi all

At risk of seeming incredibly thick...............

Can someone PLEASE talk me through the individual steps involved in house buying. Keep hearing terms like... offer acceptance, inspection reports, surveys, 5 day cooling off period, 0.25% deposit, 10% deposit etc....but would really like a solid stage process type model to help me understand what is done first, etc etc.

Anyone who can help me will receive all my karma allocation!

Cheers guys

PS I am in NSW (in case this makes a difference)
It does make a difference where you're buying - not all states have the same procedures.

This site basically explains what happens in NSW in simple language. http://www.fairtrading.nsw.gov.au/Te..._property.html
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Old Jul 22nd 2008, 11:35 am
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Default Re: House buying Oz style

Originally Posted by NickyC
It does make a difference where you're buying - not all states have the same procedures.

This site basically explains what happens in NSW in simple language. http://www.fairtrading.nsw.gov.au/Te..._property.html
Thankyou, thankyou, thankyou...karma coming right at you!
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Old Jul 22nd 2008, 1:06 pm
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Default Re: House buying Oz style

Our mortgage broker and solicitor have been very helpful.

Have to say we haven't had to do much at all...they actually talk to each other here....it's amazing lol....

If you want a contact for the mortgage broker, PM me. The solicitor is in Liverpool, so depends if you are near there...English bloke from Gravesend
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